Money mules are fast becoming the silent enablers of digital fraud across Indiaβs financial ecosystem. In this powerful fireside chat, Debasis Patri from State Bank of India and Rob Woods from LexisNexis Risk Solutions dissect the growing menace, exploring how organized mule networks exploit fragmented data systems, leverage banking relationships, and mask their movements through sophisticated tactics. Moderated by Manoj Agrawal, this session cuts deep into the operational and strategic realities faced by banks today.
From the adoption of machine learning and biometrics to the critical role of the Indian Cybercrime Coordination Centre, this discussion highlights how technology and regulation must evolve in tandem. The session offers a sharp look at how banks are modernizing their infrastructure, developing closed-loop fraud detection frameworks, and battling compliance hurdles like the Digital Personal Data Protection Act.
With global insights and actionable perspectives, the session emphasizes how Indian institutions must move faster, collaborate deeper, and embrace risk analytics and predictive modeling to neutralize this invisible threat. This conversation is a must-watch for BFSI leaders looking to future-proof their institutions against an increasingly networked fraud ecosystem.
